PUTNAM MUN OPPO (NYSE:PMO) to Issue $0.04 Monthly Dividend

Key Points

• Putnam Municipal Opportunities Trust (NYSE: PMO) has announced a monthly dividend of $0.04, payable on November 28th, to investors of record on November 17th, representing an annualized yield of 4.8%.
• As of the latest trading day, PMO opened at $9.81, with a 50-day moving average of $9.82 and a 200-day moving average of $10.05.
• Approximately 20.40% of PMO's stock is owned by institutional investors, indicating recent interest from multiple hedge funds in the second quarter.

PUTNAM MUN OPPO (NYSE:PMO - Get Free Report) declared a monthly dividend on Monday, August 11th, Wall Street Journal reports. Shareholders of record on Monday, November 17th will be given a dividend of 0.0393 per share by the financial services provider on Friday, November 28th. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Monday, November 17th.

PUTNAM MUN OPPO Trading Down 0.3%

NYSE:PMO traded down $0.03 during mid-day trading on Thursday, hitting $9.91. The company had a trading volume of 64,479 shares, compared to its average volume of 78,824. PUTNAM MUN OPPO has a fifty-two week low of $9.34 and a fifty-two week high of $10.96. The business's fifty day moving average is $9.83 and its two-hundred day moving average is $10.05.

About PUTNAM MUN OPPO

Putnam Municipal Opportunities Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in fixed income markets of United States. The fund invests in companies operating across healthcare, utilities, transportation, water and sewer, and housing sectors.